Top US Mortgage Lender Plunges Most Ever After Pausing Di…

On August 6, 2026, shares of United Wholesale Mortgage plummeted by 49%, marking a record drop. This decline followed the announcement of a net loss of $452 million and the suspension of dividends for the first time. In conjunction with this, UWM secured a $2.05 billion equity investment from Oaktree Capital Management and the SFS Group Capital, a new investment entity led by UWM's CEO, Mat Ishbia.

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By Dylan Sloan and Emily Flitter

August 6, 2026 at 9:57 AM EDT

Updated on August 6, 2026 at 1:57 PM EDT

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Shares in United Wholesale Mortgage fell by as much as 49% Thursday, a record slide after the country’s biggest mortgage lender announced a net loss of $452 million and suspended its dividend for the first time.

The company also announced a $2.05 billion equity capital investment by Oaktree Capital Management and SFS Group Capital, a new investment vehicle owned by Mat Ishbia, UWM’s chief executive officer, and his family.

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Top US Mortgage Lender Plunges Most Ever After Pausing Dividend